Boston Finex Group Carves Niche with Affordable
Outsourced Accounting and Finance Services for
Local account management plus low-cost, offshore back office a winning combination for high-growth start-
up firms and established companies working through cyclical downturns
April 27, 2010 10:50 AM Eastern Daylight Time
WALTHAM, Mass.--(EON: Enhanced Online News)--Boston Finex Group (BFG) marked its first anniversary in
the business of outsourced accounting and finance services with a broad range of entrepreneurial firms as clients and,
as president Cindy Go sees it, a ringing marketplace endorsement of its business model. BFG blends the expertise of
on-site engagement managers with the power and cost savings of highly trained bookkeepers and accountants based
in the Philippines, where financial practices and workforce professionalism are similar to those of the United States at
approximately half the cost.
A native of the Philippines who holds a master’s degree from Columbia University, Go points out that her company’s
rapid growth stems from its meeting two critical needs of entrepreneurial firms: cost savings and time savings.
The sluggish economy has made expense reduction a priority for privately held companies. Go stated that her
company’s bookkeepers and accountants can be billed out at rates as low as $15 per hour, which is significantly less
than standard Boston-area rates. She added that her clients prefer that their managers focus on operations and
business development while BFG’s professional staffers take care of all the basic, high-volume financial tasks.
“Each of our account managers is trained, certified, and experienced with QuickBooks™, which is popular with
entrepreneurial companies. We comply with all U.S. laws, GAAP, and FASB standards, and monitor quality control
through data accuracy and security. We do the heavy lifting of data entry and accounts reconciliation seamlessly on
the back-end so our clients can concentrate on growing their busin